The rental market in Cleveland, OH (zip code 44106) is quite affordable in comparison to the national average. 2 Bedroom rent averages at $1,130 a month, while the U.S. average is $1,430, providing a great option for those looking to save a few dollars on rent. The grocery cost index in Cleveland comes in at 96 points lower than the national benchmark of 100, showing that groceries are also more affordable here.
Cleveland is home to several major companies such as Sherwin-Williams Paints, Applied Industrial Technologies, and Forest City Realty Trust. It's also home to many smaller businesses such as Great Lakes Brewing Co., Vosh Restaurant & Nightclub, and the CLE Clothing Co., all located in the downtown area near Lake Erie.
Cleveland (zip 44106) has an unemployment rate of 6.8%. The US average is 6.0%.
Cleveland (zip 44106) has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Cleveland (zip 44106)
- The Sales Tax Rate for Cleveland (zip 44106) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 44106) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cleveland (zip 44106)
- The average income of a Cleveland (zip 44106) resident is $33,352 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland (zip 44106) resident is $32,745 a year. The US average is $69,021 a year.